Forex Brokers


Dukascopy

The forex broker Dukascopy is a Swiss on-line forex broker operating on the Forex market, with an office in Geneva.

Residence, Regulation, and Company Management Structure

Dukascopy is a company resident of Switzerland. The company is incorporated in the national regulative organisation – ARIF, reference to the license is mentioned. The address of the office is stated, there is even a map. Managers of the company on the site are not, however, mentioned

Company’s Market Position

The company obviously names itself an ECN broker; on the site it is possible to find mentions of banking-partners.

The company offers basic brokerage services – of trading accounts, and managed accounts. There are the also well-developed partner programmes. For example, granting a trading platform, with the right to create one’s own structure of spreads and commissions.

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MBT Forex broker

MBT are one of the best ECNs out there for low-capital forex brokers. MBT forex broker allow trades down to micro lots, which helps traders with small margin accounts perform appropriate risk management. MBT forex broker follow a true ECN model, where your limit order becomes the bid or ask, enabling you to make or at least avoid the spread. MBT forex broker don't manipulate prices at all... it's not in their best interest, as they only make money on interest. It is of course possible that their liquidity sources (the banks) manipulate prices to stop hunt or the like, but that will happen on any broker out there that uses bank feeds (essentially all of them).

One clear downside is their relatively expensive commission of $10 per 100,000 USD traded round-turn. In effect, that adds roughly a pip to the existing spread. Thus, a 1-pip spread becomes 2, or a 2-pip spread becomes 3. On the other hand, if the spread is 2, you could be earning 1 pip net if you make the spread (that is, you sell limit at the ask and buy limit at the bid). Thus, the spreads are generally kept low by arbitrageurs who are always in the market to make the spread.

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